124 STAT. 1936 PUBLIC LAW 111–203—JULY 21, 2010 to such Acts, as amended, whether amended prior to or after the enactment of this title.’’; (2) in section 308 (15 U.S.C. 77hhh), by striking ‘‘Securities Act of 1933, the Securities Exchange Act of 1934, or the Public Utility Holding Company Act of 1935’’ each place that term appears and inserting ‘‘Securities Act of 1933 or the Securities Exchange Act of 1934’’; (3) in section 310 (15 U.S.C. 77jjj), by striking subsection (c); (4) in section 311 (15 U.S.C. 77kkk), by striking subsection (c); (5) in section 323(b) (15 U.S.C. 77www(b)), by striking ‘‘Securities Act of 1933, or the Securities Exchange Act of 1934, or the Public Utility Holding Company Act of 1935’’ and inserting ‘‘Securities Act of 1933 or the Securities Exchange Act of 1934’’; and (6) in section 326 (15 U.S.C. 77zzz), by striking ‘‘Securities Act of 1933, or the Securities Exchange Act of 1934, or the Public Utility Holding Company Act of 1935,’’ and inserting ‘‘Securities Act of 1933 or the Securities Exchange Act of 1934’’. (c) INVESTMENT COMPANY ACT OF 1940.—The Investment Com- pany Act of 1940 (15 U.S.C. 80a–1 et seq.) is amended— (1) in section 2(a)(44) (15 U.S.C. 80a–2(a)(44)), by striking ‘‘ ‘Public Utility Holding Company Act of 1935’,’’; (2) in section 3(c) (15 U.S.C. 80a–3(c)), by striking para- graph (8) and inserting the following: ‘‘(8) [Repealed]’’; (3) in section 38(b) (15 U.S.C. 80a–37(b)), by striking ‘‘the Public Utility Holding Company Act of 1935,’’; and (4) in section 50 (15 U.S.C. 80a–49), by striking ‘‘the Public Utility Holding Company Act of 1935,’’. (d) INVESTMENT ADVISERS ACT OF 1940.—Section 202(a)(21) of the Investment Advisers Act of 1940 (15 U.S.C. 80b–2(a)(21)) is amended by striking ‘‘ ‘Public Utility Holding Company Act of 1935’,’’. SEC. 987. AMENDMENT TO DEFINITION OF MATERIAL LOSS AND NON - MATERIAL LOSSES TO THE DEPOSIT INSURANCE FUND FOR PURPOSES OF INSPECTOR GENERAL REVIEWS. (a) IN GENERAL.—Section 38(k) of the Federal Deposit Insur- ance Act (U.S.C. 1831o(k)) is amended— (1) in paragraph (2), by striking subparagraph (B) and inserting the following: ‘‘(B) MATERIAL LOSS DEFINED.—The term ‘material loss’ means any estimated loss in excess of— ‘‘(i) $200,000,000, if the loss occurs during the period beginning on January 1, 2010, and ending on December 31, 2011; ‘‘(ii) $150,000,000, if the loss occurs during the period beginning on January 1, 2012, and ending on December 31, 2013; and ‘‘(iii) $50,000,000, if the loss occurs on or after January 1, 2014, provided that if the inspector general of a Federal banking agency certifies to the Committee on Banking, Housing, and Urban Affairs of the Senate and the Committee on Financial Services of the House 12 USC 1831o.
